Sava Infond d.o.o. Buys New Position in Exxon Mobil Co. (NYSE:XOM)

Sava Infond d.o.o. purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,300 shares of the oil and gas company's stock, valued at approximately $3,152,000.

Several other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank boosted its holdings in shares of Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after acquiring an additional 641 shares in the last quarter. Algert Global LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at approximately $2,262,000. Loomis Sayles & Co. L P raised its holdings in Exxon Mobil by 51.9% during the third quarter. Loomis Sayles & Co. L P now owns 111,476 shares of the oil and gas company's stock worth $13,067,000 after purchasing an additional 38,104 shares in the last quarter. Finally, Baldwin Investment Management LLC lifted its position in Exxon Mobil by 0.9% in the third quarter. Baldwin Investment Management LLC now owns 50,310 shares of the oil and gas company's stock worth $5,897,000 after purchasing an additional 452 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE XOM traded down $0.23 during mid-day trading on Friday, reaching $117.66. The company had a trading volume of 10,220,644 shares, compared to its average volume of 15,706,266. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The stock's 50 day moving average is $110.73 and its 200-day moving average is $113.69. The stock has a market capitalization of $510.53 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

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Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company earned $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.05.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.